Shetye Sales Syndicate Private Limited
About Shetye Sales Syndicate Private Limited
Data last updated:
Shetye Sales Syndicate Private Limited is a private limited company based in Goa, India. It operates in the electronics retail and distribution segment of the consumer electronics and durables sector. It was incorporated on 18 December 2003 and has been in existence for over 23 years.
The company is registered with the Registrar of Companies (ROC), Goa, under CIN U52334GA2003PTC003353. Its GSTIN is 30AAHCS8189A1ZG (Goa).
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Sudesh Indirakant Shetye and Smita Sudesh Shetye.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at H No 118/B/3 Karaswada Mapusa Bardez, Goa, India – 403507.
As per the financials filed for FY 2022, the company reported a revenue of ₹18.97 Cr, a growth of 17% compared to the previous year. For the same year it recorded a net profit of ₹1.91 Cr (net margin 10.1%) and EBITDA of ₹2.89 Cr (EBITDA margin 15.2%). Revenue has declined at a compounded annual rate (CAGR) of 14% over three years and 13% over five years.
As per MCA filings, the company has open charges of ₹46.49 Lakh and satisfied charges of ₹3 Cr on record. Court records list 1 case involving the company, including 1 filed by the company.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Shetye Sales Syndicate Private Limited's registered office is in Goa. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressH No 118/B/3 Karaswada Mapusa Bardez, Goa, India – 403507
- IndustryConsumer Electronics & Durables, Electronic Appliances Retail & Distribution
To see the full contact details of Shetye Sales Syndicate Private Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Business activity
The main business activity of Shetye Sales Syndicate is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Shetye Sales Syndicate Private Limited, buy the company report.
Financials of Shetye Sales Syndicate Private Limited
FY 2022 filings availableShetye Sales Syndicate Private Limited reported revenue of ₹18.97 Cr (up 17% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue rose 17% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 13%. EBITDA rose 81% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹2.89 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.91 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 15.2% | ||||
| Net Profit Margin | 10.1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Shetye Sales Syndicate Private Limited, buy the company report.
Board of directors of Shetye Sales Syndicate Private Limited
Shetye Sales Syndicate has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sudesh Indirakant Shetye | Director | 18 Dec 2003 | 22 Years 10 Months | Current |
| Smita Sudesh Shetye | Director | 18 Dec 2003 | 22 Years 10 Months | Current |
Auditor
Shetye Sales Syndicate Private Limited is audited by VAZE JOSHI & ASSOCIATES for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| VAZE JOSHI & ASSOCIATES | FY 2020 | 115318W |
Shareholding
The shareholding of Shetye Sales Syndicate Private Limited is on record for 3 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Shetye Sales Syndicate Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 09 Jun 2009 | 10168105 | State Bank of India | ₹20 Lakh | Open | |
| 28 Jul 2008 | 10120666 | State Bank of India | ₹2.49 Lakh | Open | |
| 28 Jul 2008 | 10121983 | State Bank of India | ₹4 Lakh | Open | |
| 23 Dec 2004 | 90077658 | Union Bank of India | ₹20 Lakh | Open | |
| 06 Apr 2011 | 10287092 | Hdfc Bank Limited | ₹3 Cr | Satisfied |
To see the full charge records of Shetye Sales Syndicate Private Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
Shetye Sales Syndicate Private Limited has 1 court case on record: 1 filed by Shetye Sales Syndicate. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, North Goa, Goa | Original application | Filed by the company against an individual | Disposed |
To see the full case history of Shetye Sales Syndicate Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Shetye Sales Syndicate Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Shetye Sales Syndicate has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 30AAHCS8189A1ZG | Goa | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Shetye Sales Syndicate Private Limited, buy the company report.
Recent activity
Shetye Sales Syndicate Private Limited has 2 board changes on record since 2003: 2 appointments. The latest: Smita Sudesh Shetye was appointed as Director on 18 Dec 2003.
Frequently asked questions
Shetye Sales Syndicate is an active private limited company based in Goa, India. The company works in electronic appliances retail and distribution, within the consumer electronics and durables industry. It was incorporated on 18 December 2003 (23+ years old) and is registered under CIN U52334GA2003PTC003353.
Shetye Sales Syndicate has 2 current directors:
- Sudesh Indirakant Shetye - Director
- Smita Sudesh Shetye - Director
The latest financial statements of Shetye Sales Syndicate on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from 2015 are in the company report.
The GSTIN of Shetye Sales Syndicate is 30AAHCS8189A1ZG, registered in Goa.
The CIN (Corporate Identification Number) of Shetye Sales Syndicate is U52334GA2003PTC003353. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Shetye Sales Syndicate has 1 court case on record: 1 filed by the company.
Shetye Sales Syndicate was incorporated on 18 December 2003, making it 23+ years old. It is registered with the Registrar of Companies, Goa.
Smita Sudesh Shetye was appointed as Director on 18 Dec 2003. Sudesh Indirakant Shetye was appointed as Director on 18 Dec 2003.
The registered office of Shetye Sales Syndicate is at H No 118B3 Karaswada Mapusa Bardez, Goa, India – 403507.
Shetye Sales Syndicate operates in the consumer electronics and durables industry, in the electronic appliances retail and distribution segment.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
